Stockholders' Equity: Transactions and Balance Sheet Presentation Beaker Corporation was organized on July 1, with an authorization of 50,000 shares of $4 no par value preferred stock ($4 is the annual dividend) and 100,000 shares of $10 par value common stock. During July, the following transactions affecting stockholders' equity occurred July 1ssued 32,000 shares of common stock at $18 cash per share. 12 hisued 3.600 shares of common stock in exchange for equipment with a fair market value of $64,000 15 Issued 6,000 shares of preferred stock for cash at $45 per share Required a. Prepare journal entries to record the foregoing transactions. Date M01 M12 MIS General Journal Description Paid in Capital in Excess of Par Value Common Stock hued shares of common stock Common Seck sued common stock for equipment und shares of preferred work Debit Credit 50F Sunny 650 PM 10/12/2022